Part 323 - Appraisals
Fulfill Your Appraisal Requirements
Part 323 sets forth the FIRREA (Financial Institutions Reform, Recovery, and Enforcement Act of 1989) minimum standards for appraisals developed in relation to real estate related transactions. Appraisals are required to be independent and prepared by a qualified, impartial appraiser. Part 323 also sets forth instances in which evaluations can be used in lieu of an appraisal and when an appraisal developed by another institution can be used. Part 323 applies to all institutions regulated by the FDIC.
Related Tools
- Commercial Appraisal Review Checklist
- In-House Appraisal Evaluation Worksheet
- Interagency Appraisal and Evaluation Guidelines Training Handout Appendix A Appraisal Exemptions
- Evaluations Based on Analytical Methods or Technological Tools Handout
- Interagency Appraisal and Evaluation Guidelines Training Handout Appendix C Deductions and Discounts
- Interagency Appraisal and Evaluation Guidelines Training Handout Appendix D Glossary of Terms
- Appraisal Review Checklist
- Residential Real Estate Evaluation Checklist
- Sample Appraisal Engagement Letter FDIC
- Appraisal Threshold Increase Final Rule Summary